| Advantages | Disadvantages |
Innovative benefits: One of the key features of disruptive technology is its ability to offer consumers new and notable benefits.
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Unrefined inventions: New technology is typically untested and unrefined during its early stages and development can continue for years. During this time, businesses offering the technology may struggle to market an innovative product.
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| Startup Opportunities: Disruptive technology provides opportunities for startup companies to gain a significant foothold in existing industries.
For example, 3D printing is an additive method of manufacturing. It uses blueprints from digital files or scans a three-dimensional object, uploads the image to a digital file, and then renders that image layer by layer. A Dutch design company, MX3D, and Autodesk are collaborating with the City of Amsterdam to 3-D-print a metal bridge over one of the city’s canals. |
Unproven applications: It can take time for a disruptive technology to find its place in the marketplace. The potential applications for the innovation are at first unproven.
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| Business Growth: When an established business willingly embraces disruptive technology, it enjoys prime opportunities for growth either within its current industry or within a new industry that’s been created by the technology.
For example, Uber a rapidly growing ride-sharing service, has become the poster child for disruptive innovation. The traditional taxi cab business has suddenly been changed forever by a mobile platform connecting consumers who need rides with drivers willing to provide them. |
Resistance in adoption: Disruptive innovations can be met with resistance from established players in the market. These players may try to protect their market share by blocking or delaying the adoption of the disruptive innovation.
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News Source: The Hindu
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November 20, 2023
